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Le Jeu La Chance et Le Hasard

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Author: Louis Bachelier

Publisher: Ernest Flammarion

Year Printed: 1993

Edition: Reprint

Condition: Good

eBook: Google eBook

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Pages: 320

Height: 7 inches

Width: 8.5 inches

Notes: Paperback

Good condition. Ernest Flammarion, Editor. Original Edition 1914. Jacques Gabay, 1993 - reprinted/reproduced from original edition.

Louis Jean-Baptiste Alphonse Bachelier (March 11, 1870 – April 28, 1946)[1] was a French mathematician at the turn of the 20th century. He is credited with being the first person to model the stochastic process now called Brownian motion, which was part of his PhD thesis The Theory of Speculation, (published 1900).

His thesis, which discussed the use of Brownian motion to evaluate stock options, is historically the first paper to use advanced mathematics in the study of finance. Thus, Bachelier is considered a pioneer in the study of financial mathematics and stochastic processes.

In 1914, he published a book, Le Jeu, la Chance, et le Hasard (Games, Chance, and Randomness), that sold over six thousand copies. Source: Wikipedia


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